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Western Uranium & Vanadium Announces Results of AGM and Appoints New Transfer Agent
Globenewswire· 2025-07-01 00:30
Core Viewpoint - Western Uranium & Vanadium Corp. held its Annual General and Special Meeting on June 27, 2025, where shareholders approved all proposed matters, including the re-election of directors and the appointment of a new transfer agent [1][2]. Group 1: Meeting Outcomes - Proxy votes were cast for common shares representing approximately 51% of the issued and outstanding shares as of the record date for the Meeting [2]. - Shareholders re-elected all directors proposed by management: George Glasier, Bryan Murphy, Andrew Wilder, and Michael Skutezky [3]. - MNP LLP was re-appointed as the auditor for the ensuing year, with the board authorized to fix the remuneration of the auditors [4]. Group 2: Management and Committee Appointments - Following the Meeting, management re-appointments were confirmed for George Glasier as President and CEO, Robert Klein as CFO, Michael Rutter as COO, and Denis Frawley as Corporate Secretary [5]. - The newly-elected Board re-appointed Bryan Murphy as Chairman of the Board, Andrew Wilder as Chairman of the Audit Committee, and Michael Skutezky as Chairman of the Governance, Nominating and Compensation Committee, with each committee comprising three independent directors [6]. Group 3: Transfer Agent Appointment - Western Uranium announced the appointment of Odyssey Trust Company as the new registrar and transfer agent, replacing Capital Transfer Agency ULC, with no change to the CUSIP number of the common shares [7]. - Odyssey also replaced CTA as rights agent under the shareholder rights plan agreement dated May 24, 2023, and shareholders need not take action regarding this change [8]. Group 4: Company Overview - Western Uranium & Vanadium Corp. is increasing high-grade uranium and vanadium production at its Sunday Mine Complex, with additional projects in Colorado and Utah, and is developing the Mustang Mineral Processing Site for mined material recovery [9].
U.S. Department of the Interior Greenlights Anfield’s Velvet-Wood Uranium-Vanadium Mine
Globenewswire· 2025-05-27 11:00
Core Viewpoint - Anfield Energy Inc. has received approval from the U.S. Department of the Interior for its Velvet-Wood uranium project, marking a significant step in the U.S. government's efforts to enhance domestic energy security and reduce reliance on foreign sources [1][2][7]. Group 1: Project Approval and Significance - The Velvet-Wood project is the first uranium initiative prioritized under new emergency procedures aimed at expediting environmental reviews for critical energy infrastructure, with the Bureau of Land Management completing its review in less than 14 days [2][7]. - U.S. Secretary of the Interior Doug Burgum emphasized that this approval represents a pivotal moment in securing America's mineral future and reducing dependence on foreign adversaries [2][7]. - The approval aligns with a series of Executive Orders signed by President Trump to revitalize the nuclear industrial base, focusing on various aspects such as the nuclear fuel cycle and domestic supply chain [2][3]. Group 2: Economic Assessment and Production Potential - The combined Preliminary Economic Assessment (PEA) for the Velvet-Wood and Slick Rock projects indicates a pre-tax NPV at 8% of US$238 million and an internal rate of return (IRR) of 40%, based on uranium and vanadium prices of US$70 per pound and US$12 per pound, respectively [4][5]. - Anfield's portfolio, including the Shootaring Canyon mill, positions the company as a key contributor to U.S. energy security, with the U.S. consuming nearly 50 million pounds of uranium annually while producing less than 1% domestically [5][12]. Group 3: Strategic Positioning and Future Plans - Anfield is pursuing a NASDAQ listing as part of its strategy to advance U.S. production capabilities [6]. - The company has a comprehensive portfolio of uranium assets located in the U.S., including the Velvet-Wood project, which is well-suited for accelerated development due to its past production history and minimal environmental impact [3][11][13]. - The Velvet-Wood mine, acquired from Uranium One in 2015, has historical production of approximately 4 million pounds of U3O8 and 5 million pounds of V2O5, showcasing its potential for future output [8][10].